This item is asking us to determine the number of truckloads of watches that needs to be manufactured in order to reach equilibrium. If we let x be the number of watches then, the equation that would best describe the given is,
(900)(70) = (x)(40)
The value of x from the equation is 1575. Thus, the company needs to manufacture 1575 watches.
Contraction, which causes a decrease in economic activity.
Answer:
decreased by 4.5%
Explanation:
A family consumes: 10 pizzas, 7 pairs of jeans, and 20 gallons of milk.
In 2016, pizzas cost $10 each, jeans cost $40 per pair, and milk cost $3 per gallon.
The family's total cost of living in 2016 is:
In 2017, pizzas cost $8 each, jeans cost $40 per pair, and milk cost $3 per gallon.
The family's total cost of living in 2017 is:
The change, in percentage, of a typical family's cost of living is:
The cost of living decreased by 4.5%
Answer: Option B
Explanation: Operating cycle refers to the time period taken by the firm to produce the commodity , then sell it and receive the cash.
In case of physical commodities, it takes time for a firm to procure raw materials and produce the goods also the payments from the debtors take time as the amount involved is high.
On the other hand the service company do not need to procure any raw material and services are provided not produced. Therefore, the operating cycle of service company is smaller than the manufacturing company.
Answer:
Debit Petty cash fund $133.97
Credit Bank account $133.97
Explanation:
On purchase of office supplies, the following entries are passed;
Dr Office supplies (p/l) $62.75
Cr Petty cash fund $62.75
On incurring the miscellaneous expenses, the following entries are passed;
Dr Miscellaneous expenses (p/l) $71.22
Cr Petty cash fund $71.22
Total credits to petty cash fund
= $62.75 + $71.22
= $133.97
This amount is withdrawn from the bank for the replenishment of the petty cash account. As such, the following entries are passed;
Dr Petty cash fund $133.97
Cr Bank account $133.97
